Contract Mapping: A Valuable Tool in Your Toolbox

Executive summary. Contract interpretation can be difficult for a construction professional. Contracts are comprised of thousands of words and hundreds of paragraphs. Consider “contract mapping” to help quickly guide you through a contract. Give me numbers, not words. Most construction professionals are technically minded and/or visually geared. This is to […]

Bond Premium and the Project Time Extension

Executive summary. Most traditional bond rates have two variables in their cost: the contract value and the time threshold. Do not forget to include both in time extension negotiations. What’s in a bond rate? The bond rate from your surety agent comes in two parts: (1) the cost as a […]

Hawaii Case: A Subcontract is Valid and Binding Without a Signature

Executive Summary: Contractors too often allow their subcontractors to commence work without a fully executed subcontract. A contract between the two parties can be binding even without a signature. Learn from this June 2017 case in Hawaii how a contract can be formed without a signature. No signature required. Pacific […]